Mason Industrial Technology, Inc. announced the pricing of its upsized $450 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “MIT.U” Friday, January 29.
The new company aims to combine with a differentiated industrial technology business that has solutions for increasing productivity and reduce costs. Mason Industrial is led by CEO Edward A. Rose III, CFO Derek Satzinger, Chairman Michael E. Martino and Vice Chair Philip B Whitehead.
Total SPAC deal count for 2021 year-to-date is now 87 with $24.5 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 2.
Citigroup Global Markets Inc. and Jefferies LLC are serving as joint book-running managers for the offering. DLA Piper LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
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Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...